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📉 Is the Binance Futures Market Ready for a Bearish Correction?
At this moment, the Binance futures market shows clear signs of weakness. Technical indicators suggest we are approaching a significant correction: 1. Ongoing downtrend: Bearish movements have gained strength throughout the day, with more capital entering short against the bulls. 2. Price compression: The market has "shrunk," with assets both up and down reducing their range, preparing for an eventual breakout. 3. Index $BTC in bearish zone: The index $BTC is among the weakest assets in futures, a red alert indicating that we could see a short-term pullback.
On 1st July 2025, $BNB is trading around the $650 to $655 range, showing signs of recovery and renewed investor interest after a period of volatility.
Technical analysis shows BNB facing short-term bearish patterns but maintaining a long-term bullish trend, with support around $620-$647 and resistance near $690-$700.
24-hour price changes are relatively modest, slight gains around +0.24% to +0.46% in the past days.